(20) 2 Bed Condos
Pricing: $26,750 – $47,900 (Average Price of $39,152)
Average NET Return: 14.25%
Seller Pays 2 Years HOA & Full Management

Located in Midtown Memphis. Minutes from the Medical Center area where it is improving dramatically with the New Biomedical Center and a projected 10,000 new jobs! With $42 million in projects planned or under construction in the area, the Medical Center is poised to expand into one of the foremost centers for biotechnology and bioscience in the nation. Other projects include LeBonheur’ s $327 million expansion, UT-Baptist Research Park, and St. Jude’ s addition of five new buildings which will bring thousands of additional jobs into the Medical District.

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(7) 1 Bed Condos
Pricing: $26,750 – $47,900 (Average Price of $39,152)
Average NET Return: 14.25%
Seller Pays 2 Years HOA & Full Management

Located in Midtown Memphis. Minutes from the Medical Center area where it is improving dramatically with the New Biomedical Center and a projected 10,000 new jobs! With $42 million in projects planned or under construction in the area, the Medical Center is poised to expand into one of the foremost centers for biotechnology and bioscience in the nation. Other projects include LeBonheur’ s $327 million expansion, UT-Baptist Research Park, and St. Jude’ s addition of five new buildings which will bring thousands of additional jobs into the Medical District.

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Charming large brick 3 bedroom single family detached home, featuring two full stories with a full basement. Total Square Feet including basement 2,479.
Desirable family friendly Detroit neighborhood. This home was recently renovated with all new amenities.
Close to both public and private educational institutions and centers of worship.  Within 1 mile of 2 major freeways.

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Gardenview Estate/Warrendale is one of Detroit’s largest neighborhoods. Its approximate borders are Joy Road to the north, Ford Road to the south, Greenfield road to the east and the Rouge River to the west. Gardenview Estate borders the communities of Dearborn and Dearborn Heights and is composed of bungalows dating from the 1930s to the 1950s.[21] A large influx of Arab immigrants throughout the twentieth century have also contributed to the character of the neighborhood and the types of businesses found along its main street Warren Avenue. Rouge Park runs through part of Gardenview Estate/Warrendale. Located on each side of the Rouge River, the park has a large picnic area, a playground and swimming pool.

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2 Examples of Properties Renovated and Tenanted For You

US Government-Backed Rental Scheme

Between 14 and 17% NET YIELD Guaranteed

Every property is fully renovated detached houses. This goal is aimed at converting foreclosed properties into clean, safe homes to provide working families with a higher quality of housing. Monthly rental income is paid to the investor through the HUD’s Section 8 Housing Choice Voucher Program (HCV). The HCV program offers tenants monthly payment contributions (usually 100% of their monthly rent) which are paid directly to the landlord. If the tenant’s HCV contribution is less than 100%, your appointed property management agent will collect the tenant’s rent for you and pay the outstanding monies directly to you. The HCV program has was introduced in 1937 with the aim of ensuring that tenants get quality, maintained and affordable homes and landlords get a quality tenant who wants to live in their property. Tenants are not just placed, they get to choose their home, and it is their choice. This is a win | win for all parties, the tenant by receiving quality accommodation and the landlord by having their property cared for.

Steve Long CEO of CasaCalida Property Group has confirmed that enquiries for Murcia, the confirmed destination for Paramount Theme Park since the turn of the year from individuals looking to take advantage of low priced property as well as multi unit and project investors from all over the world are resulting in enquiry levels never seen before even in the so called boom years.  Long says; “I have been telling people for years that Murcia is the best place in Spain if not Europe to invest in property. I certainly put my

money where my mouth is and in 2003 to 2006 along with investor partners we invested over €14 Million of our own cash on land banks suitable for future sector approved development projects” Murcia can already boast it has the biggest shopping mall in Europe, it can also boast it has Spain’s third continental airport built and opening this summer.  Madrid has confirmed that after its own airport and Barcelona, Murcia’s new  Corvera airport will be its next most important in the country and will receive flights direct from continents outside of Europe as well as from within. Unlike many provinces such as Andalusia and Valencia for example, Murcia province benefits from being in control of its own destiny due to the fact it is not part of a greater autonomy and is self governed.  This fact is sure to be one of the major factors taken into consideration by the due diligence and feasibility companies working for Viacom the owners of Paramount Pictures in the US when deciding on Murcia over all the fierce competition. Paramount Park, the new continental airport, the biggest shopping mall in Europe are not the only reasons Murcia is shining high above its historically richer neighbours.  Planning regulations in place for a decade have ensured that Murcia will never be overbuilt with most planning applications not even making it past the first of many hoops needed to successfully obtain building licenses.  CasaCalida Property Group knows firsthand that full approval can take up to 8 years and in most cases the average from concept to construction is 5 years. With added restrictions in place on new build projects nationally  from central government in Madrid the approved projects in hand will soon be a rare commodity says Steve Long. Developers and investors thinking they can work the old Spanish way and simply turn up with funds to build, make a few false promises of employment and local infrastructure improvements are going to be very disappointed and mistaken.

The interesting fact here is that despite rumours and propaganda to the contrary there are only 30,000 built properties in the entire region of Murcia unsold. Now 30,000 may seem a lot but with anywhere between 3 and 5 million people expected to visit Paramount Park alone every year from 2015, add this to the 1.2 million who already visit Caravaca de la Cruz the jubilee status town to view one of the 5 holiest churches in the world which house an original piece of the cross of Christ as verified by the Vatican you may be wondering where all the visitors will actually stay! Of course in addition to the visitors planned there is the little matter of the holiday makers and tourists that already come to Murcia for Golf and beach holiday which is another factor? In summary there are simply not enough suitably  built properties to meet the anticipated demand, approved and licensed projects even if they could receive the funding needed are not sufficient to make up the shortfall either.  This is good news for anyone with foresight wishing to buy now taking advantage of the distress and 100% finance deals available from the banks and developers.

There are hundreds of agents offering ridiculous deals with no money down which is not legal buy the way in Spain as the law says you must pay your own buying taxes!  Of course any agent who has been around for a few years can manufacture a deal by simply overpricing the offer and pay part of the hiked commission they demand back into the deal to appear to be no money down!  Not clever or ethical but some agents and so called investment specialists are hoodwinking their own client base this way.  Such deals can be seen advertised on leading portals and hitting email inboxes every day!

CasaCalida is proud to put customers first which has always been the company philosophy often to the detriment of profit margins.  It appears that the ethics adopted have paid off now as CasaCalida are working directly with the President of the Real Estate and Constructors association here in Murcia which has over 200 members. We work with the banks who finance these developers and with the developers themselves to assist sell property transparently and without added commissions and introduction fees.  We currently sell property at less than you can build it for and with 100% mortgages fixed for 3 years at 3.5% interest.  Example 3 bed apartment key in hand 200M from town square. 85 M2 build sale price € 47,000 representing a price of €552 per M2.

Example 2:  3 bed 2 bath Duplex on a golf complex 10 minutes to airport. 20 minutes to site of Paramount Theme Park. 15 minutes to city and shopping mall.  145M2 build. Including garage space 15 M2.  Valued at over €300,000 Mortgage from the bank to the developer €266,000 Sale price € 130,000 representing a price per M2 of €812 per M2

Contact info@casacalidaproperties.com

UK 0333 6000 141

Spain +34 868 810123